Saudi Entertainment Ventures
| SEVEN | |
| Privately held company | |
| ISIN | 🆔 |
| Industry | Entertainment |
| Founded 📆 | Q4, 2017 |
| Founder 👔 | |
| Headquarters 🏙️ | , Riyadh , Saudi Arabia |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Saudi Entertainment Ventures (SEVEN) was created by the Saudi Arabian Public Investment Fund (PIF), with the aim of becoming a national entertainment champion, and a key lever to fulfill the Vision 2030 in unlocking the entertainment sector in Saudi Arabia. Through its role as an investor, developer, and operator of various entertainment offerings Kingdom-wide, the company aims to be the leader of an entertainment ecosystem in Saudi Arabia, facilitating the presence of both international & local brands.
Saudi Entertainment Ventures will be the execution and investment arm of the Public Investment Fund in the entertainment sector on a national level, with a foundation plan that aims to integrate entertainment within the local community’s lifestyle and be the short-term engine of the industry’s development Kingdom-wide.
Saudi Entertainment Ventures is aiming to help accelerate the underlying cultural and economic transformation, which the country is already experiencing at a very high pace. As well as to reconstruct the entertainment industry with the world’s best lead partners, thus, the Saudi Entertainment Ventures has formed an exclusive partnership with AMC Theatres to enhance the cinema industry in the Kingdom.
Vision
Become the leading national developer and operator of a diverse entertainment ecosystem in KSA.
Mission
Identify entertainment businesses to invest in and operate, attract both local and international strategic partners, and enhance local talent, entrepreneurs, and technological capabilities.
Saudi Entertainment Ventures’ objectives
Saudi Entertainment Ventures aspires to diversify the entertainment opportunities, to create new entertainment sectors, to open doors for investment in the local private sector and to form strategic international partnerships.
Through partnerships with other sectors, the company aspires to localize sectors that depend on technology and knowledge, to develop and support Saudi talents in entertainment, increase the local content in the non-oil sector and to attract direct foreign investment.
Quality and diversity in entertainment resources (Products and services)
Saudi Entertainment Ventures seeks to diversify the entertainment resources and to allow the largest segment of international investors to unlock the Saudi market and provide their services and products through four main categories:
Entertainment Clusters
There will be a variety of vast entertainment facilities where every member of the family can enjoy their time and the diversity of high-tech games such as augmented reality and others.
Mega Theme Parks
Theme parks will offer a new level of entertainment with their great and challenging games, while being the main destination for visitors to the region.
Cinemas
Being an ideal destination after a long day or for weekends with friends and family, the cinema will be an integral part of the lives of individuals and families in Saudi Arabia. Especially after the acquisition of Saudi AMC, Saudi Entertainment Ventures intends to expand its operation to cover all the Kingdom.
Entertainment Family Specialty Attractions
Those will include many recreational activities such as cinemas, restaurants, and shops as they will be the ideal platform for investing in the local private sector.
Partners
AMC Inc.
Saudi Entertainment Ventures has formed an exclusive partnership with AMC Entertainment Inc., which is one of the largest movie theater chains in the world, to build and operate movie theaters around the Kingdom.
References
https://www.pif.gov.sa/en/Pages/News12.aspx
https://www.pif.gov.sa/en/Pages/News34.aspx
http://vision2030.gov.sa/en/node/125
Saudi Entertainment Ventures
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